Tuesday, September 6, 2011

NCDEX Agri Commodity Market Updates Today

Pepper futures may remain sideways. Black pepper un-garbled is sold at Rs 30,400 per quintal and MG-1 at Rs 31,400 a quintal. Cardamom futures may trade sideways. Turmeric futures may remain sideways taking support above 5,600 levels. Domestic oilseeds may trade with bearish sentiments. Bearish crude oil prices may keep the refined soy oil futures in a range.

Guar Seed futures have made a bounce back on Tuesday after witnessing a sharp fall in previous session. Expected pick up in exports at the lower levels is supporting the prices and traders expect medium term bullishness for the commodity rates in coming weeks.

Chana futures are trading lower extending their losses for another day on profit booking. Though, festive demands are likely to support the rates in coming week. Also reports of lower global production for pulses are likely to keep trend firm for the Indian markets.